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Buckle up, because we’re diving into the untold stories of the mobility world.
From monitoring the policies influencing how we move to tracking down stolen cars, we’re bringing you inside the busy, high-stakes world of transportation - including everything from autonomous vehicles and micro-mobility to public transportation and air travel.
Brought to you by the American Car Rental Association, each episode tackles the big issues driving the future of mobility: autonomous vehicles, data rights, new business models, and the laws that could flip the industry on its head.
With jaw-dropping stories, bold opinions, and no holds barred, we’re here to challenge the status quo and get you thinking about the future of how we move, whether by car, bike, plane, or train, and why it matters to everyone.
[00:00:00] Shawn Yadon: Typically, the technology outpaces the policy. The technology is out there. The policymakers are usually playing catch up because as we know, the technology can advance very, very quickly. I see that continuing to happen today. I think you’ll continue to see the technology, whether we’re talking about level three, level four, if we get to a level five autonomous type of situation, I think the policy side will lag and will play catch up.
[00:00:31] Don Lefeve: This is The Mobility Perspective powered by ACRA, driving the future of mobility with insights, innovation and industry expertise. Welcome back to the ACRA Podcast, the show where we talk about the people, the policy, and the business that keeps America moving. I’m Don Lefeve, president of ACRA. When ACRA members think about transportation, we usually think about the vehicle and the customer’s hands at the rental counter, but our industry sits inside a much larger, bigger ground transportation ecosystem, trucking, logistics, dealers, remarketing, insurance. In the rapidly evolving world of autonomous and connected vehicles, today’s guest has spent his career at the intersection of those worlds. Shawn Yadon is a Senior Advisor at Copart, a global leader in online vehicle remarketing and one of the most important behind the scenes players in the auto value chain. Before joining Copart, Shawn led the California Trucking Association and earlier in his career held roles at FedEx.
[00:01:36] Don Lefeve: That’s a rare combination, a fleet operator’s perspective and association leader’s perspective and now a strategic advisor’s perspective inside one of the companies that quietly touches almost every vehicle that comes off the road. Over the next 30 minutes, we’ll trace Shawn’s journey through transportation. Demystify what Copart actually does dig into California’s outside influence on national mobility policy and look ahead where transportation is headed. Shawn, welcome to the podcast. Thanks for joining us.
[00:02:06] Shawn Yadon: Hey, Don, it’s great to be on with you.
[00:02:08] Don Lefeve: Well, first, let me just start and ask you, how did you end up in transportation?
[00:02:14] Shawn Yadon: Well, I got to tell you, I’ll tell you the very quick story. Part-time job in a call center for FedEx way back in the day while I’m going to college. Never thought a 20-hour a week job would turn into 19 years at a company and take me through a variety of roles, including customer service, fleet operations for ground transportation for FedEx, both for express package handling as well as aircraft operations and then ultimately into government affairs. And that’s where I got my start into corporate government affairs during that time, during that 19 years. So what started out as just what you thought would be a little temporary gig. You blink your eyes and 19 years later, you’ve been there for a long stretch. So that’s what got me into transportation.
[00:03:00] Don Lefeve: So when you’re working at FedEx, what did you enjoy most about transportation? Was it the airline side? Was it the ground side? I mean, you kind of had a bit of everything.
[00:03:11] Shawn Yadon: Yeah. Well, I got to tell you, from an operations standpoint, whether it was what we call ramp operations, which was supporting the aircraft, the loading and the loading of a 727 at the time out at Sacramento International Airport or the ground up side of express package delivery. I would tell you that the thing I appreciate the most is the importance of pure day-to-day operations. And in the case of a FedEx or our rental car operators here in the audience, that day-to-day operating grind, I’ve got so much respect for it because as everyone watching this podcast knows on operations, you’re only as good as your last day. You could have the best day of performance ever on Monday and by Wednesday something’s gone haywire and everything’s hitting the fan and it’s just the toughest world it can be. So much respect for everybody out there who’s involved with fleet operations.
[00:04:09] Shawn Yadon: And for me at FedEx, it was the most challenging job I would say and definitely the most rewarding because you’re there on the ground running every day getting it done for your customers.
[00:04:19] Carlos Bazan: Shawn, it sounds extremely interesting. I mean, FedEx is one of the companies that I definitely admire and love. Actually, I brought this today to the podcast because I know you knew you’re coming here and something that makes me wonder is how did Shawn move from being an operator from being in the transportation sector in a fleet and not even that. You also mentioned airplanes. Why would you move? How would you move from being an operator into being in an association? Tell us a little bit more about that.
[00:04:51] Shawn Yadon: Yeah, no, Carlos, thank you. And it’s great to be on with you as well. Yeah, it was an interesting transition. At the time, FedEx was building a government affairs operation from the ground up as the company was growing and growing. And so they were building out a team around the country and it just so happened that they had a person with a political background in one part of the US, a person with a legal background and a person with a PR communications background. The one missing link was somebody with an operations background who could look at legislation and say, “I know how that’s going to affect our ground ops or how that’s going to affect our air ops.” And so I was very fortunate that I could fill that fourth spot as we were putting four regional people into it. So I transitioned during that 19 years, my last 11 years were doing government affairs in the Western US.
[00:05:41] Shawn Yadon: I exited FedEx and was recruited by one of my former mentors at FedEx, who at the time was the chairman and CEO of Etrade. So I actually went from FedEx to Etrade Financial and did brokerage and banking legislation and then actually went to Copart. I’m with Copart today, but I was with Copart for a seven and a half year stretch prior to going into the trucking association. So I had a Copart 1.0. I’m there again at Copart 2.0 right now. So a little bit of a journey from FedEx and then eventually back into transportation with the California Trucking Association. So long answer to your question, Carlos, it was a unique path and route, but I did get back to transportation in 2014 and that’s when I came on board as the CEO of the California Trucking Association and did that for eight and a half years.
[00:06:32] Shawn Yadon: So definitely a crazy journey from the FedEx time back into transportation, but it’s been a great time all the way through.
[00:06:39] Don Lefeve: Phenomenal. What did running an association teach you? Talk to folks a little bit about what associations do and why it’s important to be a member.
[00:06:50] Shawn Yadon: And I got to tell you, so to go from representing an individual company, so that’s kind of a unique perspective because I was the government affairs person for FedEx for a number of years, thinking of a single company and the single needs and recipe for success that that company is looking for to take that very biopic view of the world and then going into a trade association where you are looking at the industry as a whole, it’s no longer a single company focus. And if you think about trucking or transportation in California, there are many layers to that onion as well. It’s just not trucking. In California, it’s intermodal with two or three of the largest port complexes in the US in LA, Long Beach and Oakland. So you have intermodal over there. You’ve got agriculture with California being one of the largest ag producers and the unique challenges that trucking has in agriculture.
[00:07:47] Shawn Yadon: And then you have not only the for-hire fleets, but you have the private fleet. So each one of those segments within trucking has its own unique demands and own unique interests. So for me to go from a single company, single interest to representing an entire industry with all of those different factions and interests was a big transition for me. Don, back to your point about the importance of membership. The one thing that I talk about all the time is it’s easy for companies who don’t engage with their industry association to lob criticism from the cheap seats, as I always used to say. You’re either not a member and you’re lobbying criticism about, well, the association’s taking a position over here, or maybe you don’t think they’re as active as they need to be on this policy issue. And I always say, “Hey, it’s easy to should be making those claims from the cheap seats.
[00:08:42] Shawn Yadon: Come on into the field, come on into the playing field yourself, become a member, engage.” And if you are a member but you’re not actively involved, same thing. If you’re not using your voice within the industry, don’t complain about what’s going on at the association level. So those are always my calls to action. I have a unique view of that because I’ve been in an association. So I would always say first, you got to join, you got to be a member. If you care about your industry and you care about the future of your industry, you’ve got to at least join and help support the cause, support the resources that in this case ACRA needs or CTA needs back in the day. And then secondly, when you’re there, if you’re not actively engaged, then you’re going to get what you get. You have a voice within the association, so you need to express your interests and help chart the path for where the industry goes.
[00:09:36] Carlos Bazan: So you’re talking about getting involved as a member and that makes all the sense in the world because as an association, we are there for the members. We’re there to represent the interest of the members. Within CTA, you’ve seen those efforts from the different members. What would you say would be the path for success for a car rental operator? At the end of the day, we’re both in the transportation sector. We’re both in ground transportation. Obviously there is a lot of expertise in both of you and Don and you, Shawn. And I want to hear from you, what do you think ACRA members should do to get more involved and be successful and bring that success to pretty much the whole industry?
[00:10:15] Shawn Yadon: It’s a great question, Carlos. And I would say the involvement starts with engaging with the information that’s being put out there. I mean, ACRA and I’m on the distribution list, I get to see the legislative updates, I get to see the volume of issues that are out there. So I think at minimum when somebody joins ACRA or any industry association, you have to jump in and spend the time to learn about the issues, see what’s going on, see what those hot topics are. And quite frankly, if there’s a hot topic to you that perhaps doesn’t have a spotlight on it today, there’s nothing wrong with raising that hand and saying, “Listen, are we taking a look at X?” It may not fall on the radar screen. There might be reasons why your particular issue of interest might not be getting the attention you think it needs to have, but by at least amplifying it and stating what the issue is and why it’s important to you, that gets it in play.
[00:11:09] Shawn Yadon: The other thing I would say to be fair to the association is the association, and Don can appreciate this, has to look at that whole industry perspective. And again, there are going to be segments in this case with ACRA. Some folks got 90% of their interest over here and others have 80% and 60% over there. So you have all these varying degrees of interest and emphasis. And I think every member still has to understand that at some point you got to get the ship moving in a certain direction. It might not be perfectly what you want to see and the amount of attention or emphasis on that point. But if you’re moving the ball in the right direction, it’s good for the industry. And sometimes you just have to understand that it can’t be necessarily tailored to your exact needs at that time. I mean, it is a big ship.
[00:12:02] Shawn Yadon: The analogy I would use, it’s an aircraft carrier and you’re slowly moving it in a direction and you’re getting where you need to go at times because it’s an industry. It’s not a little speedboat that you can just maneuver and chart of course here and then make a quick left turn. So for people to have that realistic understanding at an industry level is very important to be fair.
[00:12:24] Don Lefeve: Well, Shawn, tell me a little bit about Copart. What does Copart do for folks at home who have maybe heard of Copart but they don’t really understand what the company is?
[00:12:37] Shawn Yadon: Yeah, no, I appreciate that. And the interesting thing about Copart as wildly successful as the company has been in its 45 years of existence. And if I can spend 30 to 60 seconds just on the history and the background, company started 45 years ago by a gentleman, Willis Johnson, who is the founder and still chairman of the board today, started this company one of these all American dream stories, started with one single location in Vallejo, California 45 years ago. And over the course of that 45 years has built this company with his strong partner in leadership. J&A built this company into what it is today as an S&P 500 global enterprise. And at its core, Copart is a digital global marketplace for vehicles. So the company helps insurance companies, rental car companies, finance companies and individuals efficiently remarket, recover and recycle vehicles. That’s what the company does.
[00:13:39] Shawn Yadon: We put buyers and sellers together in a marketplace and our job is to get the right vehicles in front of the right buyers and get the best returns we can and make everybody happy. You got people are looking for vehicles, you got people who are selling vehicles and this digital marketplace with live online auctions is the place to be and again, has been wildly successful over its history.
[00:14:06] Carlos Bazan: I’ve had the pleasure and the honor to be part of Copart’s events and I’ve attended a few of the meetings in which the products get defined over at Copart, or if not defined, at least you bring the opinion of the outside players into a group of developers and professionals within Copart. What has Copart learned from the different audiences that you serve? And you’ve mentioned, for example, insurance companies, banks, car rental companies, fleet companies, and obviously there’s the other part, which is the buyers. What have you guys learned from all of us out here in the wild that might understand or not exactly what Copart does?
[00:14:45] Shawn Yadon: I think the biggest thing we learn all the time, Carlos, when we have people coming in to express what they love about what we’re doing and perhaps enhancements that we can make in the process. So much of what we do and we work very hard at is enhancing velocity. Anything that you can do to remove friction points from the moment a seller knows that they’re going to move a vehicle into the Copart platform, what can we do across the whole system to make that process fast, efficient, accurate, and ultimately get that vehicle sold? Because we know each day that goes by there’s that ugly head of depreciation hitting. So the quicker the more nimble that we can be in the process, whether it’s title processing, how quickly we can get that vehicle ready to show on the auction marketplace, how quickly we can also then market those vehicles to the right buyers because we have over a million registered buyers globally.
[00:15:47] Shawn Yadon: So it’s not just a matter of throwing hundreds of thousands of vehicles onto a marketplace and seeing what sticks. It’s really knowing and understanding through our own data analytics who those buyers are, what they’re looking for and us getting ahead of the curve and saying, look what’s coming so you’re ready to bid and know what you’re looking for. So to your point about us bringing folks in, it’s all about what can we do to make things more efficient, more productive, take things off of your plate to make it as easy as possible and ultimately to say, wow, that vehicle is sold. I’ve got a great return on that vehicle and I’ve got the money in hand and I’ve done what I needed to do to help my whole life cycle. So the one thing you think about is as a rental car operator today, it’s not just about your vehicle acquisition efficiencies and advantages that you could do on the front end.
[00:16:41] Shawn Yadon: It’s how rental car companies and operators are managing that asset for the whole lifecycle. And Copart just happens to be at the tail end of that cycle, but it is still part of the big picture of how you’re getting utilization out of that asset, not just from the moment you bring it on to the fleet, but how you’ve also exited that vehicle and have you done that in an efficient, most value enhanced way, and that’s what Copart helps you do.
[00:17:09] Carlos Bazan: And Shawn, thank you for that. I guess there’s been at some point some misunderstanding of what Copart can do, which cars Copart can have. Most people are already aware of what you’re offering with BlueCar is, but tell us a little bit about the misconceptions that you’ve heard maybe from when you were on your Copart 1.0 version of there and now what you see as a difference in Copart 2.0 and what we understand as an industry of what you guys do and what we still need to understand, because I can see cars that are in pretty good condition, pretty clean when I buy from Copart.
[00:17:44] Shawn Yadon: It’s a great question, Carlos. And I think the thing with Copart is we were so successful in our earliest stages of growth. Again, we’re a 45-year-old company and in the early days, the focus was completely on total loss, damaged, salvaged vehicles for the insurance industry. And Copart’s success in that segment was so strong that even as the company continued to develop and evolve and handle different types of vehicles, clean title, undamaged, newer vehicles, not necessarily 10, 15-year-old vehicles, as you point out with BlueCar, I mean, that’s a pure wholesale space for us. And if anything, it’s really been about educating the people who only knew Copart for its early day successes. So educating people and having them understand that this marketplace is extraordinarily broad now to your point and we have that ability and that luxury to be able to say, “Hey, on Tuesday at 10:00 AM, we’re doing clean title, undamaged, frontline ready used cars coming off of rental fleets or finance companies or whatever the case is.
[00:19:00] Shawn Yadon: “ So once people know that we are in all of those different segments and in the case of BlueCar with full service, whether it’s the recon and whatever the seller wants us to do to get that vehicle in its best position to be put it in for sale and to get the best results, once they learn that we’re actually in that space, it’s phenomenal because again, we’re very good at what we do. And so if anything, it’s really just been that awareness piece for us of we’re still doing what we’ve always done for 45 years, but now it’s so much more, including the heavy duty commercial vehicles that we’re handling now as well. I mean, we’re handling back to my CTA days, we’re handling the class eights and freight liners and 53-foot trailers and you name it. So it’s really about people understanding and learning and knowing that we are in many lines of business within vehicle sales now.
[00:19:53] Don Lefeve: Shawn, talk to me about California. I mean, obviously being the head of CTA, being a California resident, you’ve seen a lot of change in the state over the years. What is shocking you right now, if anything, and not shocking you? And what should most people know who aren’t Native Californians? What can you tell them about the state of affairs in California?
[00:20:17] Shawn Yadon: I think the one thing California, and I’ve been doing government affairs work in California for over 30 years. So the one thing about California is it has always been kind of the, some people would say the Mad Laboratory for all new things and all new policy direction or others would just say trailblazing, whatever your perspective is, California is definitely a leading edge state. And some people would complain that, hey, does California become then de facto national standard for things? And certainly at times California has attempted to do that, whether we’re talking about air quality or environmental issues and those types of things. But I would tell you that California continues to lead in those efforts, whether those policies are misguided or whatever the case is, California’s always out in front. And I think the one thing that people can learn around the country is to always keep your eye on what is happening with California.
[00:21:14] Shawn Yadon: Not that the exact same legislative angle will replicate itself exactly across the country, but trend wise, it certainly is that leading edge indicator for you to be able to prepare and ready yourself for what could be ahead. So in that sense of the word, it’s just a good barometer on what’s ahead. And so I would always encourage folks, even if you’re not operating in the state today, maybe you’re a regional lead operator, rental car operator and you’re in the south or the southeast or whatever the case is to still have that awareness and stay tuned into what ACRA’s doing. Because again, if it’s a California issue, some form or fashion of it, whether it’s next year or three years or five years, could be heading your way and it’s always good to understand the things that are being talked about a few years ahead of their time coming to you.
[00:22:08] Carlos Bazan: And Shawn, what’s very interesting here, you mentioned that California is like the test lab for everything that happens around the nation. While it might stick or not, it is the test lab and something that we’ve seen here growing constantly are now those autonomous vehicles. We are in the transportation sector. There’s different players where one of them in the car rental industry, there’s the airlines, there’s public transportation, there’s mass transit, there’s taxis and now we have a new player and those are autonomous vehicles and some of them are actually moving people around streets in states like California, like Arizona. How do you see this developing within the next five to 10 years? And let me add a little more there. You always talk about the whole lifecycle of a fleet from when the car comes out of the production line all the way to when the car gets sent to the auctions or enters live.
[00:23:02] Carlos Bazan: How do you see autonomous vehicles and new technologies throughout their whole fleet cycle playing in the next five to 10 years?
[00:23:10] Shawn Yadon: I don’t see necessarily an immediacy on the autonomous vehicle side. I see it as a couple of things. One, and I’ve seen this for many, many years, typically the technology outpaces the policy. So you see the autonomous vehicles being tested, they’re out there, as you mentioned, whether it’s on the taxi style things or whether it’s freight being moved 230, 240 miles down a freight corridor with a vehicle guide, maybe somebody’s sitting on the passenger side and it’s an 18-wheeler and there’s nobody in the driver’s seat, but there’s somebody monitoring. So the technology is out there. The policymakers are usually playing catch up because as we know, the technology can advance very, very quickly. So I see that continuing to happen today. I think you’ll continue to see the technology, whether we’re talking about level three, level four, if we get to a level five autonomous type of situation, I think the policy side will lag and will play catch up.
[00:24:12] Shawn Yadon: That’s good and bad. I think it’s good that it’s not rushing to try to catch up unnecessarily because I think at the times that the policymakers try to jump in a little too quickly, that’s where you get misguided policy, not understanding really what’s in front of them. I would rather see the policy done right and I’m not trying to step on and damper the technological advancements because they’re obviously exciting and they can be good for a number of reasons. But to answer your question, what’s coming in the next five, 10 years, I think you’ll continue to see the autonomous technology continue to improve. I think you’ll see the policy continue to lag, but hopefully there will be measured sensible steps to not get in the way of things, but at the same time not rush just to get it done just because the technology happens to be there today.
[00:25:05] Shawn Yadon: So it’s got to be kind of that balance. And I think what you’re going to see from the OEM side is I think you’ll see, will there be many AV OEMs out there? I think it’s going to be OEMs using third party applications to build the autonomous stack. I just think the R&D costs, I just think there’s too much to juggle. Maybe one manufacturer out there that seems to do it at the same time, produce the vehicle and have the technology with it. But outside of that, perhaps I think you’re going to see OEMs say, we’ll do the cars and you autonomous folks, third party, you build the stack and we’ll see what fits with our vehicles and we’ll kind of go from there. Much like smartphones if you think about it. Smartphones, you got the hardware platform and you don’t have the producers of the hardware doing all the apps necessarily.
[00:25:55] Shawn Yadon: You certainly have the technologists on the app side. You see that overlapping of the hardware and the software. And I see that as the same type of relationship going forward on how the AVs are going to continue to come to market.
[00:26:10] Don Lefeve: If AV becomes the reality, I believe personally it will at some future point. I tend to agree with you. It’s not really a technology issue. We’re kind of hitting that point where the technology is actually trustworthy and I’m thinking about your prior discussions of California and California politics. Where do we end up? Because California, the bad laboratory, so to speak, is really a microcosm because you have two really unique constituencies. One, you’ve got obviously technology, Silicon Valley based in California, but you’ve also got very strong labor. So how does this sort out and where does transportation end up in your opinion?
[00:26:57] Shawn Yadon: I think it gets there. I think in California, what I’ve noticed over the past few years is just what you said, Don, is that you have the R&D and the Silicon Valley and the actual technologists for AVs creating the systems here in California, but not being able to test here, not getting the permissions historically to actually run the vehicles or the technology they’re developing here in the state and having to go to a state like Texas or Arizona, which is where you’ve seen a lot of the testing done. However, I know in California they have just very recently given the approval for some of the testing on-road testing to occur. So it’s probably been less about not being able to do it, but it’s just been slow going and some of those pressures perhaps that you talk about from the other interests that don’t necessarily want to see the automation or the autonomy happen as quickly can slow things down a little bit.
[00:27:53] Shawn Yadon: But with that being said, the testing approvals are in place now. So we’ll see whether that changes the momentum and whether California can keep that balance between the technology being created here and tested here. If not, certainly the companies are going to find places where they can get that done. They’ll make sure they can get that testing done and continue to commercialize and get their products to market. So yeah, I think California continues to have the technological expertise. There’s certainly other parts of the country if you think about it who are also becoming hotbeds for technology advancement, whether you’re talking about areas of North Carolina or Austin obviously is a big hotbed now of great technology and innovation. So there’s competition out there for sure. So I think that’s something California’s going to have to keep an eye on. If you want to continue to attract the R&D and the development, you need to also have an atmosphere and a welcome mat, if you will, to be able to not only develop it, but also test it.
[00:28:56] Carlos Bazan: Shawn, there’s way more in terms of public policy, as you mentioned, that pertains to AVs and new technologies. Where do you think the biggest burden is right now? And we can think, for example, infrastructure, insurance, risk management, privacy, data, what would you think would be the most important thing, the most challenging thing to work on right now, us as association, us as operators, us as an industry along with the legislators?
[00:29:25] Shawn Yadon: You listed a good list of things that I think are all in play and all very important for the industry to keep an eye on for sure. And I think the landscape just changes over time as this technology continues to advance. I mean, whether it’s the whole risk management model kind of changes a bit too, it’s how you look at those vehicles and that technology and certainly insurance-wise, because it’s not necessarily just a hardware risk management. Now you also have a software or even behavioral risk management, whether it’s cyber or Related, I mean a connected vehicle, can somebody tap into that? We’ve seen examples of somebody being able to take control of a vehicle remotely. I mean, there are just so many facets of this technology that come into play that I think this industry’s got to keep close tabs on. And we talk about, and this industry talks about the data within the vehicle with all of this technology and who has access, who should have access.
[00:30:26] Shawn Yadon: I mean, those are debates that are going on today and I think are going to continue to go on. And certainly this industry is going to have its voice heard on where it believes that data belongs or at least access to the data belongs. So it’s hard for me to prioritize those different things. I think you hit all of them on the head, Carlos. Those are all big factors that are going to continue to drive discussion for the foreseeable future. I love the fact that Copart gets to be a part of this ecosystem. Again, it’s all about whether you’re a rental fleet operator or finance fleet operator or pure operations in a private fleet, whatever the case is. Just the fact that we’re all together on this pathway and this lifecycle of a vehicle and the fact that Copart could be a small part of what it means to get the best utilization out of that asset, not just at the beginning when you’re acquiring the asset, but that we’re part of that value chain as you look at your management and your success of managing those assets, because the exit of that vehicle is as important a factor as what you’re doing with the vehicle while it’s in operation.
[00:31:36] Shawn Yadon: So we love being part of the conversation, part of the solution and part of delivering results for not only ACRA members, but other ground transportation or transportation sector players throughout the system.
[00:31:49] Carlos Bazan: And Shawn, how can people learn more about Copart? How can our audience understand what you guys do, get in touch with you? I mean, I have your website up here. I know how to get to you guys, but what about the rest of the industry and other people that might be watching us right now in the sector?
[00:32:03] Shawn Yadon: Yeah, I’d say for sure copart.com, C-O-P-A-R-T, copart.com is a great place to go. We’re a publicly traded company. A lot of times folks will tune into quarterly earnings calls so they can hear the visionary mindset of our CEO and our chief financial officers do a great job of engaging with Wall Street and letting them know what we’re doing on the performance front and what we can share as a publicly traded company about forward-looking things and what we see ahead. But yeah, that’s another thing people can do. They can certainly keep track of performance of the company and what we’re doing and also be able to follow press releases on developments for the company. You can get that from copart.com as well. And really through other trade organizations as well, we’re very active around the whole business landscape. So many ways to keep track of what we’re doing and what’s ahead.
[00:32:55] Don Lefeve: Well, Shawn, thank you again for making time to talk with Carlos and I and our listeners. And again, if people want to check you out, obviously copart.com, but thank you again for joining. We really appreciate it.
[00:33:08] Shawn Yadon: I had a great time. It’s good seeing you guys. Thank you so much.
[00:33:11] Don Lefeve: Great seeing you.
[00:33:15] Carlos Bazan: Thank you for listening to The Mobility Perspective. For more information on the present and future of Mobility, follow us on your favorite podcast listening platform. We’ll see you next time.